489 Liverpool Road
Highbury & Islington
London
N7 8NS

Central London Restaurant Investment

  • Affluent North London suburb
  • 800 metres from the Emirates Stadium
  • Nearby occupiers include McDonald's, Barclays, Little Waitrose, Tesco Metro and Majestic Wine
  • Lot
    19
  • Auction
    28/Mar/2018
  • Rent
    £32,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £403,000
  • Sector
    Restaurant
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 489 Liverpool Road<br>Highbury & Islington<br>London<br>N7 8NS
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Property Information

Location
Miles
2.5 miles north of the City of London, 4.5 miles west of Stratford
Roads
B515, A1, A10, A503, A501
Rail
Highbury & Islington Railway Station, Holloway Road Underground, Caledonian Road Underground, Drayton Park Railway Station
Air
Heathrow Airport, London City Airport
Situation

Highbury & Islington is an affluent North London suburb. The property is located on the corner of Sheringham Road and Liverpool Road, 800 metres from The Emirates Stadium, 500 metres north of Highbury Corner and Upper Street and benefits from close proximity to 4 railway/Underground stations.

Tenure

Long Leasehold. Held for a term of 125 years from 2001 until 2126 at a ground rent of £300 per annum.

Description

The property comprises ground floor restaurant accommodation with ancillary accommodation in the basement.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
Basement
Retail
Ancillary
58.3 sq m
69.1 sq m
(628 sq ft)
(743 sq ft)
PASTAMANIA UK
LIMITED
Approximately
5 years from
22/8/2017
£32,00023/02/2023
Total
127.4 sq m
(1,371 sq ft)
  £32,000 

Property Documents

  • Site Plan
    Updated Date
    06.03.18
    File Size
    1 MB
    View PDF
  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44(0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
DWFM Beckman Solicitors 101 Wigmore St, Marylebone
London
W1U 1FA
Honey Dave 020 7408 8888 Honey.Dave@dwfmbeckman.com

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